Shipyards
-
Sainty Marine goes into arbitration with Celsius Shipping
Financially troubled shipyard Sainty Marine has announced that it has gone into arbitration with a shipowner, which is believed to…
Read More » -
DSME drives down debt with golf course sale
As financially struggling Daewoo Shipbuilding & Marine Engineering (DSME) tries to engineer a turnaround, vast swathes of the conglomerate have…
Read More » -
Svitzer orders six tugs at Sanmar
Maersk Group towage and salvage arm Svitzer has signed contracts with Sanmar Shipyard in Turkey for the construction of six 70…
Read More » -
Sainty Marine files complaint to Supreme Court against Liaoning Court
Financially troubled shipyard Sainty Marine has announced that it has filed a complaint to Supreme People’s Court of China against…
Read More » -
Colombo Dockyard: Length of the downturn hurting all yards
Colombo: The sheer length of the shipping downturn has brought many shipyards to the limits of their balance sheets and…
Read More » -
India’s scrap price strengthens, rupee weakens, capesize demolished
A capesize bulk carrier has been reported sold for demolition in India, which this past week has seen a slight…
Read More » -
DSME death toll rises to two
Two workers have been confirmed dead after a fire ripped through Daewoo Shipbuilding & Marine Engineering’s (DSME) Okpo Shipyard on Geoje…
Read More » -
Fire rips through DSME
Seven people were injured this morning when a serious fire broke out at a drydock in South Korea. A pair…
Read More » -
Thousands ready to strike at Korea’s top yards
Up to 28,000 workers will go an indefinite strike from September 9 at South Korea’s top three shipyards, protesting a…
Read More » -
Samsung Heavy’s takeover of Sungdong nears
Samsung Heavy Industries looks set to take over management of fellow Korean yard, Sungdong Shipbuilding & Marine Engineering for a…
Read More » -
Hengfu Shipbuilding to resume operations
Hengfu Shipbuilding, once the largest shipyard in Ningbo until it went bankrupt in 2011, is going to resume operation after…
Read More » -
Other Korean yards look on anxiously as HHI braces for strikes
The world’s largest shipbuilder faces a partial strike next week, something that could spread to other yards. South Korea’s Hyundai…
Read More » -
JES suspends operations amid ongoing chaos
Singapore-listed Chinese shipbuilder JES International Holding has announced that the group has ceased operations and production following its restructuring application…
Read More » -
China Exim Bank provides $690m financing for 10 mega boxships at Jinhai Heavy Industry
China Exim Bank has signed a $690m buyer credit agreement with UK investment firm BCAP for its order of ten…
Read More » -
Ultra Deep Group heads to China Merchants Heavy Industry for new dive support vessel
Ultra Deep Group (UDS) has announced that it has signed a contract with China Merchants Heavy Industry to build one…
Read More » -
Vantage cancels order with DSME for Cobalt Explorer drillship
Vantage Drilling has cancelled its order with Daewoo Shipbuilding Marine Engineering (DSME) for the Cobalt Explorer, the ultra-deepwater drillship it…
Read More » -
CSRC finds irregularities at Sainty Marine
Financially troubled shipyard Sainty Marine has announced that it has received a warning notice from the Jiangsu supervision branch of…
Read More » -
Hantong secures four aframax tankers from Cardiff Marine
Jiangsu Hantong Ship Heavy Industry has signed shipbuilding contracts with Cardiff Marine for the construction of four 115,000dwt aframax tankers,…
Read More » -
Sainty Marine investigated by CSRC, faces delisting
Financially troubled shipbuilder Sainty Marine has announced that it has received a notice of investigation from China Securities Regulatory Commission…
Read More » -
13 senior DSME execs offer to resign
In trouble Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) has said 13 senior executives have offered to resign following…
Read More »